The Duration of Unemployment Depends on

question 47

Multiple Choice

The duration of unemployment depends on

• A)how organized the labor market is in matching potential workers with jobs
• B)the age, sex, and racial mix of the labor force
• C)the ability and desire of those who are unemployed to hold out for a better job
• D)the availability of jobs that match workers' skills
• E)all of the above

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Definitions:

Price Discrimination

occurs when a seller charges different prices to different buyers for goods of like grade and quality, without justification.

Discriminatory Price

A pricing strategy where different prices are charged for the same product or service in different markets or to different segments of consumers without a corresponding difference in cost.

Clayton Act

An antitrust law in the United States that prohibits certain actions leading to anti-competitiveness, such as price discrimination and exclusive deals.

Mobile-Network Operator

A company that provides wireless communications services to mobile phone subscribers.